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Transcript of TFP-Canarie Webinar
The Funding Portal Inc. is a Canadian corporation which owns and operates TheFundingPortal.com.
Its mandate is to assist business, non-profits and universities to improve their access to Canadian government and private funding programs.
What some of our partners are saying about The Funding Portal:
"KPMG works with The Funding Portal to provide Canadian businesses with improved access to Canada's rich array of government funding, tax incentive programs and private financing opportunities. In today's changing economic landscape, sourcing financing from these industrial support programs gives our clients the edge they need to take their business to the next level."
-Elio Luongo, Canadian Managing Partner, Tax, KPMG
Government Funding in Canada
Staffing and Programs
Purchasing Goods & Services
Disbursements for Grants & Contributions (G&Cs)
Disbursements for Tax Incentives (SR&ED)
Grants & Contributions
Key Government Funding Instruments
The 4 steps to secure funding
The Funding Portal's services are modular and competitively priced based on how much funding you are seeking.
Meet one of our Experts
Marielle Piché is the former Executive Director of Canada’s Industrial Research Assistance Program (IRAP) and Secretary General of the National Research Council of Canada (NRC). Quite simply, she knows how to assist companies in finding funding.
Meet one of the Portal's customers
Clevest Solutions (www.clevest.com) provides software solutions that optimize the efficiency of mobile workforces including electric, gas, water utilities and smart grid providers to support in-field operations.
The Funding Portal identified the Sustainable Development Technology Canada (SDTC) Fund at Industry Canada as the best fit for Clevest.
Profit Magazine names Clevest #1 fastest‐growing company in Canada serving the Utility Industry --June 3, 2011
Toll free in Canada: (855) 850-FUND
Government of Canada Spending ~ $12B
Provinces, Territories & Municipalities ~ $12B
Total spending on “G&Cs” and SR&ED in Canada ~ $24B
Practice Insider Tips from The Funding Portal
Government Funders are accountable to the Auditor General and to the public for the use of taxpayers' funds. Is your application in line with their objectives, such as creating new jobs or improving productivity?
Sometimes funding program guidelines are open to interpretation. That’s where an expert can improve your outcomes by evaluating your chance of success. Nobody can afford to write an application that is likely to be rejected.
Funders will often discard applications if they are missing information or data. The two most important sections are the executive summary and the 5-year financial forecast.
(cc) photo by theaucitron on Flickr
(cc) photo by theaucitron on Flickr
Apply for It!
Summary is key
Purpose of the funding
Search Find It to find funding
Use the Portal's Roster of experts and our Secure Online Workroom to apply for funding
Use the Portal's Scorecard to receive feedback
Use The Funding Portal as a means to grow your business
Why government funding is important
Government funding successes can assist in identifying investment-grade companies and readying them for private sector investment
Many government programs require matching investor funds, such that public and private sector investment processes need to proceed in tandem
The Funding Portal increases the efficiency of government funding processes and improves outcomes.
SR&ED and other Tax Incentives
Grants are “gifts” and are wholly non-repayable.
Contribution Agreements require the Applicant to have other sources of funds, such as private matching funds.
Industrial loans to qualified businesses generally have low or no interest and other favourable commercial terms.
SR&ED and other Tax Incentives are a type of funding administered through the tax system. They provide refunds or credits for certain eligible investments and are more widely available for businesses in Canada than loans, grants, contributions and other sources of public funding.
For more details on our prices, visit The Funding Portal Shopping cart.
(cc) image by anemoneprojectors on Flickr
Sample funding programs for the digital media and IT sectors
Connect with the Portal
Teri Kirk, CEO, The Funding Portal
Government funding is not an end – it is a point
on the commercialization continuum.
Use Leverage It to:
Direct your application into government funders
Leverage your government funding commitment into VCs and other sources of capital
Secure private financing commitments to meet matching requirements under many government funding programs
Advance your company or project among commercialization partners and into customer markets
Find financing with the Portal
The Funding Portal's Find It search tool allows companies to instantly rank relevant government funding and private financing opportunities according to key criteria.
Featured Services for Startups and SMES
The Funding Portal’s Expert Consultation service provides a one-hour consultation with a government funding expert to enhance your organization’s financing strategy. The Portal’s expert will help identify the optimal government grants, contributions and tax incentive programs for your organization’s specific needs from over 4,000 programs available in Canada.
Teri Kirk is a lawyer and experienced entrepreneur. Prior to launching The Funding Portal, Ms. Kirk built and commercialized three previous e-business venture corporations. She has been named one of Ottawa’s top female entrepreneurs by the Ottawa Citizen and one of Ottawa’s 100 most influential people by The Hill Times.
Clearly indicate your past successes to differentiate yourself from other applicants.
Don't be modest
Consider moving some of your R&D work to different provinces to take advantage of provincial SR&ED programs.
FundingSources (Companies Edition)
Backed by some of Canada's best business brands
"Access to financing remains a top challenge for Canadian manufacturers. By working with our preferred partners at The Funding Portal, we are helping companies fuel their growth, and drive their research and development efforts."
-Jayson Myers, CME President & CEO
Overview of today's discussion
1. Overview of Canada's funding marketplace.
2. CANARIE's DAIR program
3. Other Funding programs for the digital media and IT sectors.
7. How to use The Funding Portal to achieve your organization's financing objectives.
Guest: Peter Wilenius
Access to financing remains a top challenge for Canadian manufacturers. In fact, according to the results of the 2012-13 CME Management Issues Survey, 25% of companies say access to adequate funding has actually worsened over the past 12 months alone. Knowing where to look and what tools are available is essential to fuel business growth, and to drive R&D efforts.
A unique micro-data report for individual companies on sources of industrial support, comprised of:
The top 15 sources of industrial support for your company;
Recent relevant awards made by these funds to clarify their disbursement history and establish expectations; and
Sectorial data on funding trends for your company’s industry sector more broadly.
The TFP 100 Index
The Funding Portal (TFP) publishes an annual list of the top 100 companies to receive government stimulus funding in the previous fiscal year, generated by its unique proprietary Awards Database and tracking system. In 2012, the Top 100 to receive federal government stimulus funding received a combined
The TFP 100 Index
Ontario received the highest levels of industrial stimulus, fuelled by $99.5 million in stimulus funding by FedDev Ontario, and high levels of federal investment in manufacturing.
Full copies of the TFP 100 Report are available for purchase via
Venture Capital in Canada
Venture capital investment levels in Canada have slightly increased in the past two years, as evidenced in the graph below.
However, later-stage investments, with their lower risk levels for investors, continue to be favoured over seed and early-stage investments.
2012 Sector rankings:
2. Life Sciences
5. Other technologies
High Demand Youth Internship Program
Provides a wage subsidy of $12,000 per intern for companies in the Computer Systems Design and Related Services sector. Internships are full-time over the course of 40 weeks.
Aug. 1, 2013
Commercialization and Innovation Voucher pilot program
Vouchers are much like a pre-paid credit card or gift card—the business recipient uses the pre-paid voucher to acquire services at the post-secondary institutions of its choice.
Program will be administered by Ontario Centres of Excellence (OCE).
The voucher program will aim to improve SME performance, productivity, skills development training, competitiveness and e-business opportunities and accelerate commercialization activities.
Similar to prepaid credit cards, vouchers can be used at post-secondary institutions for R&D and commercialization services.
Aug. 26 deadline fast approaching:
OMDC Interactive Digital Media Fund
Canadian Innovation Commercialization Program (CICP)
NRC Youth Employment Program
Financial assistance to hire highly skilled post-secondary graduates. Hire must work on one of the following:
Development of new products and processes
Market analysis for a new technology-based product
Business development related to science and technology activities
Improvement of customer services.
Funding applications have now closed under all FedDev Ontario programs, with the exception of the Eastern Ontario Development Program. However,
is expected to be made available for the 2013-14 fiscal year.
Welcome to today's Webinar hosted by:
in partnership with:
CANARIE (canarie.ca) designs, delivers, and drives the adoption of digital infrastructure for Canada’s research and education communities. CANARIE keeps Canada at the forefront of digital research and innovation, fundamental to a vibrant digital economy. Established in 1993, CANARIE is a non-profit corporation, with the major investment in its programs and activities provided by the Government of Canada.
Get to market faster
Reduce your product development costs.
What is DAIR?
The Digital Accelerator for Innovation and Research (DAIR) Program is a cloud-based, on-demand, advanced research and development environment where Canada’s high-tech entrepreneurs can design, test, prototype, validate and demonstrate new technology apps, products and services.
DAIR uses today’s most advanced cloud-computing technologies to provide you with a competitive advantage – ultra-low-cost testbed facilities – that can speed your time to market and help you get an edge on the competition.
Create innovative applications, products and services
Use DAIR to support the development of the following products and services:
Social network analysis
Scalable notification systems
Games, Massively Multiplayer Online Games
IT Security systems
What types of companies apply to the DAIR program?
Small-to-medium size Canadian tech companies
Seeking resources to complete product development and testing
Focus on product scalability or cloud computing
Prior experience with cloud computing not required
How does DAIR work?
Users connect into the system over the Internet
DAIR services are provided for a nominal fee based on granted quota.
Running 1-4 machine cores is free.
Running more than 4 machine cores is $100 per year per core in excess of 4.
For comparison, 4 machine cores run for a year on commercial cloud provider Amazon AWS would cost a minimum of $2,800 USD, and on provider Rackspace a minimum of $2,100 USD.
"This R&D environment will accelerate our product development and testing facilities for the infrastructure platforms that we expect to be the centerpieces of the next wave of the digital economy. It will be of
to our company and companies like ours."
-Michael Schmalz, President, Digital Extremes
The Ontario Media Development Corporation (OMDC) Interactive Digital Media (IDM) Fund supports Ontario-based interactive digital media companies by providing access to the final piece of funding required to move content projects into production.
Successful applicants are eligible to receive a non-refundable contribution of up to $150,000 to a maximum of 50% of the project budget to create a market-ready interactive digital media content product.
The CICP helps companies bridge the pre-commercialization gap for their innovative goods and services by awarding contracts to entrepreneurs with pre-commercial innovations through an open procurement process.
Entrepreneurs receive feedback from the government after testing.
Eligible technologies: ICTs, Information Management, Nanotechnologies.
Connect with CANARIE
Peter Wilenius, VP, Business Development, CANARIE
Peter brings to CANARIE more than 25 years of executive responsibility for strategic planning, global marketing, business development, investor relations, and mergers and acquisitions. Peter has extensive experience in guiding emerging technology companies in business planning, channel development and marketing strategies.
Industrial Research Assistance Program — Digital Technology Adoption Pilot Program (DTAPP)
Repayable contribution of up to $99,999 and advisory services to help you access and adopt digital technologies to increase productivity.
Up to 500 employees.
Plan to grow your business.
Have a project that is designed to adopt digital technologies.